Cardano (ADA) has experienced a significant increase in price in the last 24 hours, due to increased investor interest and a broader market surge following the recent U.S. elections. Cardano’s latest upgrade, Node 10.1, introduces new governance capabilities and prepares the network for the upcoming Chang 2 hard fork.
Analysts are optimistic that Cardano’s price could push higher in the coming weeks, as the network solidifies its infrastructure and prepares for new functionalities. Crypto analyst ZAYK Charts predicts a potential 60-70% price increase for Cardano, as it breaks through a falling wedge pattern on the 1-day chart.
This bullish sentiment is supported by the MACD indicator on the daily chart, which shows a positive crossover, indicating growing buying momentum. Cardano is currently eyeing a critical resistance level at $0.38, with bullish momentum suggesting a potential breakthrough. If ADA manages to overcome this barrier, analysts expect the cryptocurrency could challenge a more significant resistance point at $0.75.
ADA is currently trading at approximately $0.3751, having seen an impressive 5% increase within the past day. With promising technical indicators and bullish sentiment, ADA may push toward new highs in the weeks ahead as Cardano continues to build momentum and adopt new upgrades.
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<p>The post Cardano Price Surge Amidst Major Upgrades and Market Rally first appeared on CoinBuzzFeed.</p>
